Gold prices moved higher, paring earlier losses. Silver prices moved 2.4% higher, inline with the gains in the yellow metal. MCX December Silver settled higher by 2.8% at Rs65,568/kg. Silver prices managed a high of Rs 65,690/kg and a low of Rs 63,998/kg. MCX December Silver is trading marginally lower by 0.17% today at Rs 65,459/kg.

Copper prices remained supported by prevailing supply threat in Indonesia, where the labourers at Freeport McMoRan Copper & Gold mine are set to strike from September 15 to October 15 unless the firm meets their demands for a pay rise. Crude oil prices moved higher, underpinned by anticipation of a drawdown in US oil stockpiles.